Refer to the financial statements of The Home Depot for the 2013 fiscal year in

Question

Refer to the financial statements of The Home Depot for the 2013 fiscal year in Appendix A. (Note: The Home Depot’s 2013 fiscal year runs from February 4, 2013, to February 2, 2014.)

(http://lectures.mhhe.com/connect/0078025915/appendix_a.pdf)

Refer to the financial statements of The Home Depot for the 2013 fiscal year in Appendix A. (Note: The Home Depot’s 2013 fiscal year runs from February 4, 2013, to February 2, 2014.)

(http://lectures.mhhe.com/connect/0078025915/appendix_a.pdf)

Required: 1. What amount of net income was reported (in millions) for the year ended February 2, 2014? $5,385 $27,390 $78,812 $23,180

2. What amount of sales revenue (in millions) was earned for the year ended February 2, 2014? $27,390 $5,385 $78,812 $23,180

3. What was the cost (in millions) of the company’s inventory on February 2, 2014? $5,385 $1,929 $531 $11,057

4. How much cash (in millions) does The Home Depot have on February 2, 2014? $11,057 $5,385 $1,929 $531

Explanation / Answer

1) $5,385

2)$78,812

3)$11,057

4)$1,929

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